What will a share of stock be worth

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Reference no: EM13813610

River Rock, Inc. just paid an annual dividend of $2.80. The company has increased its dividend by 2.5 percent a year for the past 10 years and expects to continue doing so. What will a share of this stock be worth 6 years from now if the required return is 16 percent?

$23.60

$24.65

$25.08

$25.50

$26.90

Reference no: EM13813610

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